URA Two Projects Approved for Higher Density, Adding 2,130 Flats in Mong Kok and Tokwawan
SingTao · 2 SOURCESabout 2 hours ago2 MIN
Summary
The Urban Renewal Authority's two development projects in Mong Kok and Tokwawan have received approval from the Town Planning Board to increase residential density. The Mong Kok Lai Chi Street/Flower Market Road project will relax its residential plot ratio by approximately 15% to 7.5 times, enabling 1,080 units on a site spanning about 77,179 square feet. Meanwhile, the Tokwawan Road/Wing Kwong Street project will use modular integrated construction to add 1,050 units, with its height limit raised from 140 metres to 144 metres. Together, these projects will deliver 2,130 new residential units to the Kowloon housing market.
Key Points
- Mong Kok Lai Chi Street/Flower Market Road project: residential plot ratio raised from 6.5x to 7.5x (15.4% increase), adding 1,080 units with average unit size of 538 sq ft
- Total gross floor area for Mong Kok project reaches approximately 578,845 sq ft, while commercial floor space is reduced to about 115,769 sq ft with retail occupying 61,948 sq ft and hotel space at 53,821 sq ft
- Tokwawan Road/Wing Kwong Street project adopts modular integrated construction (MiC), earning approximately 39,828 sq ft floor area exemption, with unit count rising from 900 to 1,050 (16% increase)
- Tokwawan project site covers about 58,934 sq ft with two residential towers rising 32 and 34 storeys on a five-storey podium plus two basement levels, estimated to complete in 2032
- Market valuation for Tokwawan project ranges from HK$3.9 billion to HK$4.8 billion, translating to HK$7,400 to HK$9,000 per sq ft; expression of interest closes on September 17
Why It Matters
These approvals demonstrate the government's willingness to optimise land use in established urban areas to address Hong Kong's housing shortage. The relaxation of density controls and adoption of innovative construction methods like MiC could set precedents for future urban renewal projects, potentially accelerating the delivery of new homes in the densely built-up Kowloon corridor .
These approvals demonstrate the government's willingness to optimise land use in established urban areas to address Hong Kong's housing shortage. The relaxation of density controls and adoption of innovative construction methods like MiC could set precedents for future urban renewal projects, potentially accelerating the delivery of new homes in the densely built-up Kowloon corridor .